The regular earnings profile of an individual throughout his or her lifetime is
A) the Lorenz curve.
B) the age-earnings cycle.
C) wealth.
D) income-in-kind.
B
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Refer to the scenario above. Collectively, the firms will be better off if:
A) Firm 1 chooses to dump its waste into the river while Firm 2 chooses not to dump its waste. B) Firm 2 chooses to dump its waste into the river while Firm 1 chooses not to dump its waste. C) both firms choose to dump their waste into the river. D) neither of the firms dumps its waste into the river.
Partial factor taxes are levied on an input in only some of its uses.
A. True B. False C. Uncertain
The gross domestic product (GDP) excludes: a. the value of a new building
b. the value of new stocks and shares. c. the cost of a new vending machine. d. government expenditure on a new bridge. e. the money spent on the purchase of legal services by a household.
Which of the following is not a true statement about the Bretton Woods system?
A) The value of the dollar was fixed in terms of gold. B) Other currencies fixed values in terms of the dollar. C) The U.S. was able to increase its money supply easily. D) Trade deficits were eliminated.